All Entries Tagged With: "Bank of America"
Countrywide sued as homeowners conned into taking out risky loans
Bank of America’s (NYSE: BAC) Countrywide Financial have been sued by Connecticut after it has been said that the company pushed borrowers into taking risky loans that they
Bank of America may sell mortgage assets following Countrywide Financial buyout
We spoke earlier about Countrywide workers fear Bank of America Corp will cut severance, there is now rumors that the second-largest U.S. bank, might be selling off mortgage assets after purchasing Countrywide Financial Corp.
It seems that BofA has had to make this choice because
Bank of America still committed to buy Countrywide Financial
Bank of America Corp Chief Executive Kenneth Lewis has said that they are still committed to buying Countrywide Financial Corp even though they are losing money on their mortgages. Lewis has said that the $3.1 billion purchase of Countrywide is an
Bank of America Corp. choose employee to run mortgage business
Bank of America Corp. was using David Sambol along with Barbara Desoer to run their consumer mortgage operations, well now Sambol is set to retire and the bank has said that they will stick with one of their own executives to run this department. BAC has